Rulings
SAT: Modifies SEBI order in Infosys insider trading case trapping high level employees
SC: Quasi-judicial authority duty bound to disclose material relied upon at adjudication stage
SAT: Quashes SEBI’s ‘unreasoned’ order disposing of complaint on SCORES platform
SEBI: Directs impounding of wrongful-gains made by former CNBC Anchor, violating PFUTP norms
SEBI: Investment Advisors shall advice on direct plans ensuring that it’s non-commission based
SEBI: Allows settlement application filed by Fortis Healthcare’s directors, Religare Finvest
SAT: Quashes SEBI’s Rs. 1 Cr. penalty on Brickwork Ratings; “SEBI can’t question ratings’ appropriateness”
SAT: Mere certification of board resolution doesn’t make Directors culpable for fraudulent GDR scheme
SEBI: Penalises erstwhile Essar Steel for not making requisite disclosures pertaining to NCDs issuance
SC: SAT’s fact based findings cannot give rise to ‘question of law’; Rejects SEBI’s appeal
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